Financial problems are some of the most stressful a person can experience. Knowing when to hire a bankruptcy attorney in Kennebunk and to move forward with filing makes all the difference when it comes to getting financial stress under control.
How do you know the time is right to hire a bankruptcy attorney?
You Hear from Creditors on a Daily Basis
It is no secret that creditors and bill collectors tend to be aggressive when you owe them money. Most people can live with the occasional call or notice from debt collectors, but if those calls are coming in a daily basis, it is time to reach out to a bankruptcy attorney in Kennebunk. This is true, too, if creditors have attempted to contact you by phoning an employer or a family member. Chances are you provided this information when you applied for the loan or credit card and creditors are not afraid to use it to track you down for repayment.
You Have Received Notice You Are Being Sued
Let a debt go unpaid for too long and you will be subject to legal action. When debt collectors feel they have exhausted their other options, they will turn to the court system to get repayment from you. Ignoring this will only cause more problems, even if you are not legally obligated to pay the debt. If you are dealing with legal action taken by creditors and you are concerned about what to do next, it is time to contact a bankruptcy attorney in Kennebunk.
Your Wages are Garnished or Your Accounts Have Been Levied
Should a creditor or debt collector be successful in court after suing you regarding a debt, they could be given the opportunity to garnish your wages or take money directly from your accounts. IRS debt collectors are especially good at using these methods of collection. The problem is once you are not getting the total amount of your income or you siphoned your money from your account, it will be impossible to ever get caught up on debts. It is time to contact a bankruptcy attorney in Kennebunk.
You Are Facing Foreclosure
If you are at risk of losing your home, you need the help of a bankruptcy attorney in Kennebunk and you need it as quickly as possible. Filing for bankruptcy stops all debt collection efforts against you, which includes foreclosure efforts. Even if you ultimately lose your home, you will have time to regroup and take control of your situation.
A bankruptcy attorney will ensure that collection efforts against you stop and help you decide what to do next. In some cases, that will include negotiating a repayment plan and staying in your home. Unfortunately, many people wait too long to reach out to an attorney and their ability to remain in their home is no longer an option, only because they dragged their feet. Do not let this happen to you.
To learn more or to schedule a consultation to discuss whether you need to be working with a bankruptcy attorney, contact Lee Anne Graybeal at 207-985-4644.
Lee Anne Graybeal